Businesses can adopt several practices to ensure fair competition:
1. Adhere to Laws and Regulations: Follow antitrust laws and avoid practices like price fixing, market division, and monopolistic behavior. 2. Transparent Operations: Maintain transparency in pricing, marketing, and financial reporting to build trust with customers and competitors. 3. Ethical Marketing: Avoid misleading advertisements and unfair trade practices to ensure honest competition. 4. Respect Intellectual Property: Honor patents, trademarks, and copyrights to protect and respect the intellectual property of others.